£271,350
This estimated value is based upon the latest sale price for the house of £171,000 on 25 Apr 2008. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£171,000 | 25 Apr 2008 |
£175,000 | 12 Jul 2007 |
Terraced |
Freehold |
Floor Area: 167 sq meters or 1,797 sq feet |
This model uses changes in the Official Land Registry House Price Index for TYNE AND WEAR to estimate the market value.
When this house was purchased in April 2008 the House Price Index for TYNE AND WEAR was 93.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 58.684%.Applying this 58.684% change to the original purchase price of £171,000 results in an estimated price of approximately £271,350.
25 Apr 2008 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
93.6 | 148.6 | 58.684 % | £171,000 | £100,350 | £271,350 |
The Postcode Pricing Model uses changes in average sales price within the SR2 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
Change % | Change £ | Estimated Price | |
1 Month Average | -29.898 % | £-51,125 | £119,874 |
3 Month Average | -5.616 % | £-9,603 | £161,396 |
6 Month Average | -6.468 % | £-11,059 | £159,940 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
28 Nov 2023 | £101,503 | £100,000 | 2 THE RETREAT |
24 Aug 2023 | £121,059 | £120,000 | 6 THE KNOLL |
11 Jul 2023 | £253,411 | £250,000 | BURN PARK METHODIST CHURCH BURN PARK ROAD |
10 Jul 2023 | £167,251 | £165,000 | 11 THE KNOLL |
5 Jun 2023 | £85,030 | £84,000 | 16 WESTERN HILL |
This house has a floor area of 167 sq meters or 1,797 sq feet when measured on 20 May 2014. Using an estimated price of £271,350 means this house is valued at £1,624 per sq meter (£150 per sq foot).
There is one other house on the street which we know the size of, this is 2 SOUTH HILL CRESCENT it is 202.0
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Western Hill |
Mar 2024 | Public order | Under investigation | On or near Western Hill |
Feb 2024 | Anti-social behaviour | On or near Western Hill | |
Feb 2024 | Public order | Investigation complete; no suspect identified | On or near Western Hill |
Feb 2024 | Anti-social behaviour | On or near Western Hill |